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Apple acquires Israel-based 3D sensor technology firm PrimeSense for $350 million-Report
TT Correspondent |  |  26 Nov 2013

Apple Inc has acquired Israel-based 3D sensor technology firm PrimeSense Ltd for $350 million, according to Israeli media.
 
Though Apple kept a mum on the amount involved, it confirmed the deal. An Apple spokesman said that it buys smaller technology companies from time to time, and it generally does not discuss its purpose or plans, according to Reuters.
 
In January 2012, Apple had acquired flash storage chip maker Anobit. This is company’s second major acquisition in less than two years. 
 
The rumors about Apple's intention to buy PrimeSense were first appeared in Israeli financial newspaper Calcalist in July. Last week it reported that PrimeSense has raised $85 million from some of its investors such as Israeli and U.S. venture capital funds Canaan Partners Global, Gemini Israel and Genesis Partners.

    
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26 Nov 2013(IST)  
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